No-deal Brexit could split securitization regs in two

A no-deal Brexit has the potential to cleave the European securitization market by seeing different rules apply in the the UK — its largest component — from the rest of the EU. Tom Brown reports.

In preparing for a no-deal Brexit, UK legislators have chosen to interpret securitization rules in ways that may differ widely from how EU legislators intended, meaning that Europe’s largest securitization issuers may be following two separate regulatory frameworks.